Why BlackRock Went All In on Bitcoin

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 12 March 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Back in 2017, Larry Fink, the CEO of BlackRock, the world’s largest asset manager, was critical of cryptocurrency. Now, just seven years later, the former skeptic is helping to take bitcoin mainstream as BlackRock rakes in billions of dollars selling bitcoin in a low-cost ETF. WSJ reporter Vicky Ge Huang tells host Alex Ossola about what BlackRock’s reversal means for the company, investors and crypto writ large. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The less your business spends the more margin you keep.
0:03.5	Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform,
0:09.5	helping you reduce costs everywhere.
0:12.0	Now through April 15th, NetSuite is offering a one-of-a-kind flexible financing program.
0:17.9	So head to NetSuite.com slash Wall Street right now. Welcome to Tech News Briefing.
0:27.0	It's Tuesday, March 12th.
0:28.7	I'm Alex Oscela for the Wall Street Journal.
0:31.6	Coming up on today's show, from furniture to car parts, Facebook
0:35.1	marketplace seems to have it all. These days, that could also include
0:39.1	scammers. We'll hear from W.S.J. Personal Tech reporter Dalvin Brown about why complaints about
0:44.9	scams are rising and how to avoid them. And then Black Rock, the world's biggest
0:50.8	asset manager, has gone from being skeptical of crypto to being one of the Wall Street
0:55.0	firms embracing it.
0:56.8	We'll find out what's behind the reversal and what it means for investors with W.S.J.
1:01.0	reporter Vicky G.S.J. reporter Vicky G Huang.
1:10.0	But first, buying something online means opening yourself up to a potential scam if you're not careful.
1:17.0	Facebook Marketplace is no exception.
1:20.0	Users are increasingly complaining about fraudulent listings and payment cons.
1:24.0	W.S.J. Personal tech reporter Dalvin Brown is here now to tell us what we can do about it.
1:29.0	Dalvin, give me the Facebook Marketplace 101.
1:32.0	When did it start and what was its vision?
1:34.3	So Facebook Marketplace was launched in 2016
	...

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